Commodity Outlook for Natural Gas by KediaCommodity

Natural GasNatural gas ended lower as mild weather forecasts and expectations for the first i

Commodity Outlook for Jeera by KediaCommodity

JeeraJeera snapped a four-day winning streak to end more than 1 percent lower on profit booking. Spot rates in Unjha, a key spot market in Gujarat, price dropped 15.5 rupees to end at 11,984 rupees per 100 kg. April contract dropped Rs 175 and settled at Rs 11980 a kg. The contract made intraday low of Rs 11961 a kg and high of Rs 12150 a kg. Support for jeera is at 11911 below that could see a test of 11841. Resistance is now seen at 12100 above that could see a resistance of 12219.

Trading Ideas:

Jeera trading range is 11843-12221.

Jeera snapped a four-day winning streak to end lower on profit booking

“Pop-rock was hard genre for me”- Anuj Sharma

“Pop-rock was hard genre for me”- Anuj SharmaAnuj Sharma, the second runner up of Indian Idol-2 has come up with his new album `Khwaab' which is his first solo album. Relieved, Anuj says that he has finally came out of that Indian Idol phase.

Commodity Outlook for Turmeric by KediaCommodity

TurmericTurmeric hit the 4 percent lower circuit on profit-booking driven by rising arrivals at the major trading centres. Arrivals have increased at Nizamabad and Erode centers. In Nizamabad arrivals have risen to 18,000 bags (70 kgs) from 12,000-15,000 bags coming last week. Turmeric yesterday we have seen that market has moved -4%. Market has opened at 11340 & made a low of 10904 versus the day high of 11340. The total volume for the day was at 11460 lots and the open interest was at 7480.Support for turmeric is at 10759 below that could see a test of 10613. Resistance is now seen at 11195 above that could see a resistance of 11485.

Trading Ideas:

Commodity Outlook for Chana by KediaCommodity

ChanaChana ended almost steady on some buying interest at low levels, but rising arrivals and expectation of higher output restricted the gains. However, any major fall is unlikely as low-level buying is seen supporting prices. In Delhi spot market, price gained 37 rupees to end 2,208 rupees per 100 kg. Chana dropped Rs 2 and settled at Rs 2242 per quintal. The volume was noted at 104560 lots. Support for chana is at 2226 below that could see a test of 2209. Resistance is now seen at 2262 above that could see a resistance of 2281.

Trading Ideas:

Chana trading range is 2211-2283.

Chana ended almost steady on some buying interest at low levels

Commodity Outlook for Soyabean by KediaCommodity

SoybeanSoyabean dropped as a fall in overseas markets and weak spot demand prompted profit-taking.

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